has also successfully obtained an order against Sivasankaran to provide comprehensive documentary disclosure to the Court regarding the nature, value and location of his assets globally and to attend Court to be cross-examined about those assets.
is the largest creditor of Mr Sivasankaran's bankrupt estate and will pursue all legal avenues to recover the outstanding judgement debt from his global assets, the company said.
An official receiver has been appointed as the manager of Sivasankaran's assets and BMIC
is the largest creditor, Batelco said.
subsequently commenced proceedings against the defendants in the English High Court and successfully obtained the judgement for $212 million, it said.
Owing to results in Table 1, with different degrees of symmetry for the residue, BMIC
in the two outlier percentage, S = 5 and 10%, showed an improvement in estimate accuracy relating to parameter a, which represents the upper asymptote.
ASEC Engineering and Management is currently engaged in engineering and consulting services for under-construction cement plants including the Arab National Cement Company (ANCC) cement plant in Minya; South Valley Cement Plant in Beni Suef; BMIC
Cement Plant in Assuit, as well as a gypsum plant in Ataka, Suez.
The revised outlook for BMIC
reflects a significant increase in its exposure to commercial mortgage loans recorded over the last two years.
Tenders are invited for Bottom ash hopper refractory, clinker grinder, ash feed gate and other internal works at BMIC
in unit 4 during overhaul.
On June 12, the court had ordered the defendants, Siva Limited and Mr Sivasankaran, to pay BMIC
$185 million in addition to $30,000 per day from November 1, 2012, amounting to a total of $212m.
The judgment, made in the Commercial Court of the English High Court of Justice, fully upheld the claim of BMIC
Limited, a fully owned subsidiary of Batelco.
The court had then upheld a claim from BMIC
that the defendants failed to honour a settlement agreement relating to a commercial venture into which both parties had entered in 2009, said a report in the Gulf Daily News (GDN), our sister publication.
Batelco, via wholly-owned subsidiary BMIC
, had sued Siva and its chairman Chinnakannan Sivasankaran for $174.